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Standard and Poor's downgrades Boart Longyear Ltd's debt ratings


Thursday, 6 Mar 2014 05:59pm EST 

Boart Longyear Ltd:Says that Standard and Poor's Ratings Services has reviewed the its debt ratings and revised them, as follows.Corporate Credit rating – Downgraded to “CCC+” from “B”.Secured note rating – Downgraded to “B” from “BB-”.Senior unsecured note rating – Downgraded to “CCC+” from “B”.